OSC Cease Trades Thirdcoast Limited Shareholder Rights Plan

Summary

On July 4, 2012, the Ontario Securities Commission (the “OSC”) issued a cease-trade order with respect to a shareholder rights plan (the “Shareholder Rights Plan”) put in place by Thirdcoast Limited (“Thirdcoast”) in response to an unsolicited takeover bid by its largest shareholder, Parrish & Heimbecker, Limited (“P&H”).